Geostat: The estimated real GDP growth rate amounted to 7.0% for May

The estimated real Gross Domestic Product (GDP) growth rate amounted 7.0 percent for May 2023 year-over-year and the average real GDP growth for January-May 2023 equaled 7.5 percent, National Statistics Office of Georgia reports.

"In May 2023, compared to the same period of the previous year, the estimated real growth in following activities contributed significantly: Construction, Information and communication, Trade, Transportation and storage, Financial and insurance activities. Declines were registered in Manufacturing and Real estate activities," reads the information.